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[Everton FC statement] The Friedkin Group granted a period of exclusivity to acquire majority (www.evertonfc.com)

submitted 6 months ago* (last edited 6 months ago) by kameecoding to c/football

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[–] keyez 1 points 6 months ago (1 children)

777 takeover passed their checks and proper owner tests, it only fell through because they missed payments they promised to make as part of a similar exclusivity period 777 had directly with the club and Moshirir.

[–] kameecoding 2 points 6 months ago

I don't think you are correct, it fell through because they couldn't provide all the info to PL in time, so while PL didn't outright block it, they didn't let it go through and then they simply ran out of time.

https://www.nytimes.com/athletic/5531808/2024/06/01/everton-takeover-777-next/

Everton’s majority shareholder Moshiri, through company Blue Heaven Holdings Limited, reached an agreement with 777 for the sale of his 94.1 per cent stake in September, and the transaction was expected to be completed by the end of 2023. However, the takeover has continued to be delayed due to 777’s inability to meet all the conditions outlined by the Premier League to complete their purchase.

emphasis mine